Five At Five: Amazon’s India Expansion

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest international plans from Amazon and a new bid for Sears. Google is becoming charitable, P2P lending in China faces problems and U.S. credit-scoring firms face more scrutiny.

The P2P lending market in China has been rife with scams and controversy for some time. The lack of regulation led to the country’s biggest Ponzi scheme, protests across cities in China and losses for thousands of people.